Offer at a glance
- Maximum bonus amount: 350-1000 dollars
- Availability: Nationwide, single props do not qualify
- Direct deposit required: ANY
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card financing: Unknown
- Monthly fees: ANY
- Early account closure fee: Unknown
- Family boundary: None listed
- Expiration date: None listed
Offers
Direct links to offers below, do share your recommendations in the comments below. They can be shared and found in this related post.
- Rho is currently offering up to $1000 in bonuses when you open a new account:
- (Nerdwallet OR other sources) $350: when you deposit $10,000 and maintain that balance for 90 days
- REFERENCE: $500 when you deposit $20,000 and keep that balance for 90 days
- REFERENCE: $1,000 when you deposit $100,000 and hold that balance for 90 days
Fine Press
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Monthly fees
This account has no monthly fees
Early account termination fee
I could not find a fee schedule or mention of an EATF
Our verdict
Fees are listed herebut you need a minimum balance of $100,000, otherwise it appears you are ineligible. If you put $10,000 into a 5% APY account, you’ll earn $125 over the same 90 day period, so the $350 bonus is significantly better.
I suspect approval will be difficult as these accounts seem to be designed for beginner/high growth accounts. Personally this is an easy pass for me, but others may want to do it. Share your experiences in the comments below.
Please do share your recommendations in the comments below, they can be shared in this linked post.
Hat tip to the reader dealgamer
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